The company was founded in 1990 and approximately 43 percent
of the shares of the company are owned by the government of Qatar and the
remaining 57 percent is held by institutions and private individuals. But its
reach goes far beyond Qatar — it plans to play a major role in Oman’s power
plant and are in talks with different stakeholders in the UAE, Saudi Arabia and
Kuwait for the setting up of 1,500 megawatt plants in those countries.